Serve Robotics Inc. (SERV) is currently trading at $9.04, with a market cap of $385 million and a 52-week range of $1.77 to $30.00. The company's revenue has seen significant growth, increasing by 92.49% in 2023 compared to the previous year, reaching $207,545. Despite this growth, Serve Robotics reported losses of $24.81 million in 2023, 13.5% more than in 2022.
 
Analysts have given Serve Robotics a "Strong Buy" rating, with a 12-month stock price forecast of $14.67, representing a potential increase of 62.28% from the current price. The company has also made strategic moves, such as acquiring Vebu, a robot maker, to expand its automation offerings and improve efficiency in the restaurant industry.
 
Some key points to consider about Serve Robotics' investment value:
 
  • Revenue Growth: 92.49% increase in 2023 compared to the previous year
  • Analyst Rating: "Strong Buy" with a 12-month price target of $14.67
  • Market Cap: $385 million
  • Strategic Acquisitions: Acquisition of Vebu to expand automation offerings
  • Partnerships: Partnerships with companies like Shake Shack and Uber Eats to enhance delivery services

About SERV

Serve Robotics, Inc. is engaged in developing next generation robots for last-mile delivery services. The Company offers an autonomous all-electric robot that makes delivery sustainable and economical. The Company’s fleet consists of over 100 robots. Its autonomous all-electric robot can provide real-time presence and status updates on those platforms and receive requests to perform deliveries with respect to customer orders placed on those platforms as needed. It uses artificial intelligence methodologies to design, train and deploy a host of models on robots to perform a variety of tasks, including identification of sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians, and vehicles, and projecting the trajectory of other dynamic agents. Its capabilities include automatic emergency braking, vehicle collision avoidance, and fail-safe mechanical braking. The robots consist of a number of key systems, such as drivetrain, power system, and connectivity.

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